NH - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.6

Here’s a comprehensive technical analysis of Narayana Hrudayalaya Ltd (NH)

📊 Trend Overview

Current Trend: Mildly bearish

Phase: Consolidating with downside bias

Bias: Neutral to negative, as price slips below short-term moving average and momentum indicators weaken

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹1,827

200 DMA: ₹1,688

Current Price: ₹1,789

Price is below 50 DMA but above 200 DMA → signals short-term weakness within a broader uptrend

Flattening 50 DMA suggests loss of momentum

🔹 RSI (Relative Strength Index)

RSI: 47.7

Neutral zone, slightly below 50 → indicates weakening momentum

No oversold signal, but lacks bullish strength

🔹 MACD (Moving Average Convergence Divergence)

MACD: -18.0

Negative MACD → confirms bearish divergence

No crossover → trend remains weak

🔹 Bollinger Bands

Price near middle band → consolidation zone

Bands narrowing → low volatility

No breakout or squeeze pattern visible

🔹 Volume Trends

Current Volume: 1.47 lakh

1-Week Avg Volume: 2.29 lakh

Volume below average → weak participation

Suggests lack of institutional conviction

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 1,750 Minor support zone

Support 2 1,688 200 DMA, strong base

Resistance 1 1,827 50 DMA, immediate ceiling

Resistance 2 1,950 Intermediate resistance

Resistance 3 2,100 Trend reversal confirmation zone

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹1,750–₹1,770 (on pullback near support)

Exit Zone / Profit Booking: ₹1,950–₹2,100 (resistance and breakout target)

🔍 Momentum Signals

Short-Term: Weak momentum, MACD and RSI not confirming strength

Medium-Term: Consolidation likely to continue unless price breaks above ₹1,827 with volume

Volume: Needs improvement for any meaningful breakout

🧭 Conclusion

NH is currently consolidating with mild bearish undertones. Technical indicators show indecision, and the price is struggling to reclaim the 50 DMA. Traders may consider accumulating near ₹1,750 with a tight stop-loss, targeting ₹1,950–₹2,100 if volume confirms a breakout.

Let me know if you'd like to compare NH with other hospital or healthcare stocks for sector rotation opportunities.

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